December S&P Futures: The market is headed for the 1350 level. Support is now at 1330. Much higher prices are likely later this year.
December Bonds: Resistance now is at 113-12 and the market is likely to drop to 112-00 before resuming its rally. I also think that the market will rally into the 114-115 range before a more substantial drop develops.
December 10 Year Notes: The market has reached resistance near 108-16 but should hold support around 108-00. I think the notes will rally into the 109-110 range before a more substantial drop begins.
Euro-US Dollar: The market has sagged back below the breakout level of 127.60. I expect it to hold support at 126.80 but if it doesn’t I shall have to abandon my current 131,50 upside target.
Dollar-Yen: The yen is trading a little on either side of 116.40 support which I thought was broke to the downside yesterday. A move above 117.00 will force be to abandon my 114.30 downside target.
November Crude: The market is getting close to the 58.80 downside target. The next significant development should be a rally of 5 to 10 dollars. Ultimately the current drop will carry the market down into the 50-55 range.
December Gold: I think a move below the 500 level is underway. Today resistance is again at 602.
December Silver: I think the market is on its way below 900. Today resistance is at 1150.
Google: Support is at 394 and I think GOOG will soon move above its all time high of 475.
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